Weaver Capital Management LLC Sells 493 Shares of Sysco Co. (NYSE:SYY)

Weaver Capital Management LLC trimmed its stake in shares of Sysco Co. (NYSE:SYY) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,432 shares of the company’s stock after selling 493 shares during the quarter. Weaver Capital Management LLC’s holdings in Sysco were worth $1,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hager Investment Management Services LLC bought a new position in Sysco in the 4th quarter worth about $50,000. Stratos Wealth Advisors LLC increased its stake in Sysco by 35.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 7,726 shares of the company’s stock worth $591,000 after acquiring an additional 2,009 shares during the last quarter. Sargent Investment Group LLC bought a new position in Sysco in the 4th quarter worth about $419,000. E. Ohman J or Asset Management AB increased its stake in Sysco by 10.1% in the 4th quarter. E. Ohman J or Asset Management AB now owns 21,900 shares of the company’s stock worth $1,674,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Mather Group LLC. increased its stake in Sysco by 11.6% in the 4th quarter. Mather Group LLC. now owns 7,003 shares of the company’s stock worth $535,000 after acquiring an additional 728 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Down 1.2 %

NYSE SYY opened at $71.42 on Wednesday. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.33. The stock has a market cap of $34.94 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.18. The stock has a 50 day simple moving average of $76.21 and a two-hundred day simple moving average of $76.00. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the company posted $0.89 earnings per share. On average, analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco’s dividend payout ratio is currently 52.44%.

Insider Transactions at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,876,080. This trade represents a 11.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the transaction, the director now directly owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,270 shares of company stock valued at $6,181,946. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SYY. Jefferies Financial Group upped their price objective on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Guggenheim reiterated a “buy” rating and issued a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Melius started coverage on Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective for the company. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.